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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 11 <br />SCHEDULE OF CHANGES IN THE TOTAL OPEB LIABILITY AND RELATED RATIOS <br />For The Last Ten Years <br />2021 2020 2019 2018 2017 <br />Total OPEB liability: <br />Service cost $65,484 $63,577 $53,789 $16,547 $16,990 <br />Interest 13,256 12,256 10,893 21,355 22,542 <br />Changes of benefit terms - - - - - <br />Differences between expected and actual experience (250,908) - (245,168) - (51,083) <br />Changes in assumptions 93,391 - - - - <br />Benefit payments (32,454) (22,990) (15,527) (27,798) (31,536) <br />Net change in total OPEB liability (111,231) 52,843 (196,013) 10,104 (43,087) <br />Total OPEB liability - beginning 613,474 560,631 756,644 746,540 789,627 <br />Total OPEB liability - ending $502,243 $613,474 $560,631 $756,644 $746,540 <br />Covered-employee payroll $3,443,877 $3,496,085 $3,379,110 $3,240,932 $3,499,836 <br />Total OPEB liability as a percentage of covered-employee payroll 14.6% 17.5% 16.6% 23.3% 21.3% <br />The schedule is provided prospectively beginning with the City's fiscal year ended December 31, 2017 and is intended to <br />show a ten year trend. Additional years will be added as they become available. <br />See accompanying notes to the required supplementary information. <br />88